Free Trade Principles: The meaning of free trade is that trading partners should be able to trade lawful goods and services in fully informed voluntary transactions without hindrance or subsidy. When Adam Smith in his seminal The Wealth of Nations circa 1776 and classical economist David Ricardo in his On the Principles of Political Economy […]

Meaningful Insights

“Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose.”

— John Maynard Keynes, The Economic Consequences of the Peace, 1920, page 235ff